[bisq-network/proposals] Distributed reputation system (#78)

reipichu notifications at github.com
Tue May 28 23:42:59 UTC 2019


> The problem is that if requiring to own some BTC in order to onboard Bisq is a barrier of entry, requiring BSQ would raise the barrier of entry even more.

In respect to the above, the system I outlined above would only require BSQ bonds for old users or regular traders, not for new users. The Bonded Users would be used to ascertain whether an initial fiat payment has occurred from a new user who has traded with them - the new user just needs to pick a Bonded Trader to trade with for their initial trade.

One incentive for old users to bond BSQ to be trusted to validate new users would be that they would be able to set slightly higher margins on their trade pricing as they would have a captive market of new users wishing to verify their payment accounts by trading with them. If that incentive is not sufficient, we could also consider a stipend/interest paid to Bonded Traders each cycle - not dissimilar to the role arbitrators currently serve.

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